Electric Vehicles

complete nothing burger

The company posted revenue of $108.1 billion and net profit of $5.6 billion, growing 29 per cent and 34 per cent year-on-year respectively. However, behind the impressive numbers lies a growing concern about how BYD is managing its finances, particularly its rising accounts payables and the increasing use of supply chain financing.

Accounts payable (part of profit calculation) rose by less than sales. Normal for it to rise equal to sales. Also why would EV sales go down? EVs are a fad or something?

EVs are simply better cars, that provide opportunity to power your house, and profit from electricity arbitrage. In case of BYD dolphin, where whole car costs $300/kwh for just a mobile battery, the car would pay for itself at just 3c/kwh arbitrage profit.

subsidies for steel, electricity, rare earth metal refinement and battery production to tax incentives

Policies for abundance are not subsidies. I know it's normal for us to let oligarchy rule over us, and let them pillage everything through scarcity price premiums, but not maximizing oligarchist supremacism is not the same as subsidies.

solar panel production and research and now there is hardly any of that left. If the same happens to the car industry then Europe is going to be in big trouble as it employs millions of people.

Europe/World overall can do well with technology transfer. Battery and metal imports helps its manufacturing sector. Protecting local metal production with government purchases or price subsidies to stay alive can be strategic, but metal reserves imported from where they are cheapest is the actual national security path. Cheapest energy from China is manufacturing competitiveness too, in addition to massive jobs in deploying it.

Having the once in every 100 years bright idea of losing a war on Russia, and going all in on that, is the last refuge of political capital to leverage CIA propaganda to destroy people's prosperity and lives, and distract from doing nothing other than increasing CIA/US sycophancy. Inviting massive investment from China to specifically boost all of European industry/jobs, including more Airbus production to sell into China, and trade more alcohol and cheese to China (and Russia).

policy of state support until a near global Chinese monopoly is reached

The frequent smear is the projection of Oligarchist supremacy on others. Chinese solar dominance has not resulted in scarcity policies. There is high competition inside of China that is likely to continue, and China likely to protect that competition and abundance. It threatens the supremacy of profit maximization through scarcity, and is why the "say anything to smear/block China" attitude prevails.